Priced at USD149 (approximately Rs. 10,000), the smartphone will be available in two models with 2GB and 1GB of RAM. Both of which will feature 16GB of built-in storage. The 1GB RAM model has been priced at USD139 (approximately Rs. 9,500).

Following are the specifications of the device:

The MV1 is said to be available in both stock Android Lollipop 5.1 and Cyanogen OS 12.1.1 variants.

The Obi Worldphone MV1 features a 5-inch HD (720x1280 pixels) display and comes with a pixel density of 294ppi.

The smartphone also packs Corning Gorilla Glass 3. It is powered by a 1.3GHz quad-core Qualcomm Snapdragon 212 processor with Adreno 304 GPU.

It sports an 8-megapixel rear autofocus camera with LED flash with f/2.2 aperture and also sports a 2-megapixel.

It also brings features such as Truecaller and LiveDisplay, which adjusts the user's screen based on light.

The Obi Worldphone MV1 will be available immediately in Asia and Africa while will also launch in Latin America and Europe in March. The company says that the smartphone will be available via online and traditional retail channels.